According to a survey from Sun Life, amongst Singapore respondents, 67% said they worry their wealth won’t outlast their children, and only half expressed full confidence that their heirs would honour their wishes or preserve and grow inherited assets.

The survey highlighted a significant preparedness gap: whilst many recognise the importance of planning, only 43% feel fully prepared today.

Just 25% have both completed and communicated their plans, whilst 35% have only partial plans in place. About 17% have taken no action.

On The Wealth Tracker, Hongbin Jeong speaks to Lionel Lee, Money Expert, The Better Foundation, to find out more.